Seven Low Market Cap Innovative Projects Worth Noting in the Optimism Ecosystem
They are in the respective segments of lending, options, stablecoins, and so on.Original link: https://twitter.com/Cryptotrissy/status/1633091805490343939
Author: Trissy
Compiled by: Shenchao TechFlow
As the cryptocurrency market continues to evolve, more and more people are beginning to pay attention to Layer 2 solutions within the Ethereum ecosystem.
Optimism, as one of them, is an efficient and scalable Layer 2 expansion protocol that brings faster transaction speeds and lower transaction fees to the Ethereum network. This article will introduce 7 low market cap innovative projects deployed on Optimism.
$ VELO
Market Cap: $30 million
Fully Diluted Valuation: $148 million
Total Value Locked: $316 million
Velodrome addresses the liquidity issues of protocols built on Optimism through incentive optimization. One of the most challenging aspects of DeFi is solving the liquidity bootstrapping problem.
Velodrome ties rewards to emissions, ensuring efficiency and extending the emission period to give voters enough time to cast their votes. Today, Velodrome's liquidity supply is more equitable, reducing the risk of impermanent loss while ensuring effective use of the gauge.
This also maintains a healthy balance between voters and external bribers, preventing malicious voters from directing emissions to inefficient choices. The protocol can now achieve sustainable liquidity, ultimately benefiting its users.
$SONNE
Market Cap: $12 million
Fully Diluted Valuation: $34 million
Total Value Locked: $39 million
Sonne Finance is the first native platform to launch a lending protocol on Optimism, aiming to become a leading lending platform by providing the deepest liquidity and the most competitive incentives.
Sonne uses Velodrome to help maintain continuous liquidity and incentivize more activity on its platform. Implementing this reward system encourages users to lend tokens, driving activity and overall experience.
Staking aims to distribute protocol revenue and $VELO rewards to stakers, with stakers receiving 80% of both revenues in the first three months, and 100% of protocol revenue after unlocking team tokens.
$PREMIA
Market Cap: $48 million
Fully Diluted Valuation: $76 million
Total Value Locked: $8 million
Premia is a decentralized options market based on a pool-to-point architecture, similar to Uniswap or SushiSwap, but for options.
Users can purchase options using any asset on the platform, and if the payment token is not the default token, the user's asset will be swapped for the payment token on a decentralized exchange.
Liquidity is provided by other users, and all options on Premia are fully collateralized.
Premia's liquidity program is designed to encourage liquidity providers to supply liquidity for less popular option pairs, increasing overall liquidity and reducing risk, with earned tokens stakable in the platform's governance pool for further rewards.
$ANGLE
Market Cap: $16 million
Fully Diluted Valuation: $80 million
Total Value Locked: $56 million
Angle is a decentralized stablecoin protocol that provides over-collateralized stablecoins, agToken, which are pegged to the value of their underlying assets. Additionally, Angle offers perpetual futures trading, yield strategies, and leveraged trading.
The protocol aggregates liquidity from multiple decentralized exchanges and uses advanced algorithms to maximize yields while minimizing risks. This allows users to earn yields on their crypto assets by providing liquidity.
Angle's decentralized stablecoin allows businesses, individuals, and DAOs to diversify their cryptocurrency reserves by holding stablecoins pegged to the euro. It can be imagined that on-chain reserves can now earn stable yields backed by the euro.
$BEETS
Market Cap: $7 million
Fully Diluted Valuation: $14 million
Total Value Locked: $72 million
Beethoven is revolutionizing the way crypto asset management is done by providing an easy-to-use platform for efficient yield farming and liquidity provision.
The technology is designed for the future, with robust underlying features such as Vault and SOR, supporting custom AMM designs, enhancing capital efficiency, and unlocking arbitrage opportunities with zero-token starting capital.
Investors can manage their crypto assets like a garden—planting, harvesting, and pruning to maximize yields. This low market cap project may seem unassuming on the surface, but once delved into, it is full of surprises.
Nested
Nested is a cryptocurrency trading platform designed to make Web3 investing accessible, simple, social, and secure. It utilizes NFT technology to create portfolios that represent specific strategies, which other users can modify and copy.
If you believe you are an excellent trader, you can bribe governance to showcase your portfolio on the browsing page.
The best part is that you can set it and forget it. All portfolios are actively managed, meaning if you copy the trades of your favorite influencers, your portfolio will automatically update to reflect their portfolio.
Most people find the execution aspect of trading difficult, and this platform solves that problem.
Clique
Clique helps creators monetize content by building communities and engaging with fans through exclusive membership subscriptions and various tools.
In addition to their identity oracle, they have built multiple products, including Attestors, which allow users to prove their behavior and identity off-chain, and Traceability for data insights (helping projects understand their community) and general smart contract infrastructure.
This is an excellent tool that helps companies better understand various situations of their users. For example, to prevent cheating, game developers can use Clique's Attestors to verify players' skill levels before participating in high-stakes tournaments.
